What Was the Specie Circular?
Specie Circular, (July 11, 1836), in U. S. History, an Executive Order Issued by President Andrew Jackson Requiring That Payment for the Purchase of Public...
Specie Circular, (July 11, 1836), in U.S. history, an executive order issued by President Andrew Jackson requiring that payment for the purchase of public lands be made exclusively in gold or silver.
What is the significance of the Specie Circular?
In July 1836, President Andrew Jackson issued the Specie Circular. Under this act, the government would only accept gold or silver in payment for federal land. This act prevented working-class Americans from purchasing federal land in the West, including in Ohio, due to the lack of gold and silver.
What was the Specie Circular quizlet?
The Specie Circular was issued by President Andrew Jackson in 1836. It required payment for public lands be in gold and silver specie or certain sound money. ... This was due to the State Banks passing out bad loans they could not pay off.
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